Trends on SGX Nifty indicate a positive opening for the index in India with a 49 points gain

The BSE Sensex rose 97.70 points to 51,115.22 on May 27 while the Nifty50 climbed 36.40 points to 15,337.90.

According to pivot charts, the key support levels for the Nifty are placed at 15,278.7, followed by 15,219.6. If the index moves up, the key resistance levels to watch out for are 15,390.7 and 15,443.6.

The Dow Jones Industrial Average rose 141.59 points, or 0.41%, to 34,464.64, the S&P 500 gained 4.89 points, or 0.12%, to 4,200.88 and the Nasdaq Composite dropped 1.72 points, or 0.01%, to 13,736.28.

Asian Markets

Asian markets rose in Friday morning trade with the broader Hang Seng index in Hong Kong gaining 0.59%. In Japan, the Nikkei 225 jumped 1.94% while the Topix index advanced 1.78%. South Korea's Kospi edged 0.56% higher.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the index in India with a 49 points gain. The Nifty futures were trading at 15,463 on the Singaporean Exchange around 07:30 hours IST.

Stimulus, quick relief for hospitality, MSME, realty and construction likely

The government is planning a stimulus package and direct, immediate relief for sectors such as hospitality and Medium, Small and Micro Enterprises (MSME), which are India's biggest employers and have been battered by COVID-19, sources familiar with official deliberations said.

Discussions about the package are still at an early stage but this time, the government is unlikely to go for long-term policy announcements a source said. Initial discussions suggest the stimulus package may have three elements.

Real estate sector demand to touch pre COVID-19 levels only after 2022-23: Crisil

The residential real estate sector demand will be impacted by the second wave of COVID-19 in the first half of this fiscal but a healthy recovery is expected in the second half, much like the previous fiscal. It is expected to touch pre-pandemic levels only after 2022-23, domestic ratings agency CRISIL said on May 27.

RBI to ensure 'comfortable level' of liquidity in system this fiscal

The Reserve Bank on Thursday said it will ensure comfortable level of liquidity in the system during the current financial year and assured that monetary transmission will continue "unimpeded". To counter the impact of COVID-19 first wave, the RBI had undertaken several conventional and unconventional measures to ensure ample liquidity in the financial system during the financial year ended March 31, 2021.

"The Reserve Bank will ensure that system level liquidity remains comfortable during 2021-22 in alignment with the stance of monetary policy, and monetary transmission continues unimpeded while maintaining financial stability," according to the annual report 2020-21. This is exemplified by the introduction of the secondary market G-sec acquisition programme (G-SAP) in 2021-22 under which the RBI has committed upfront to a specific amount for open market purchases of G-secs with a view to enabling a stable and orderly evolution of the yield curve under congenial financial conditions, it said.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 660.90 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 112.38 crore in the Indian equity market on May 27, as per provisional data available on the NSE.

Stocks under F&O ban on NSE

Two stocks - Amara Raja Batteries and Canara Bank - are under the F&O ban for May 27. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.